What responsibilities and duties of care have the Diocese in managing finances?
The Diocese of Hallam has a responsibility to ensure that all financial
administration carried out the name of the Catholic Church within its
geographic area is in accord with Canon Law and the legal requirements of the law of the land.
Most of the monies managed by the Diocese belong to the
parishes. Some parishes are in credit and some are in debt. Those parishes in debt have borrowed money from the surplus credit of the other parishes this procedure is managed by the Diocese.
It is important that parishes in debt pay back their loans to the Diocese as soon as possible.
This procedure helps the parishes in the Diocese to borrow from each other to cover major capital costs and avoid taking loans involving interests from banks or other financial agencies and the risk of properties and assets being taken from the diocesan structure if the payment of loans comes into difficulties.
When all the parish credit balances and debt balances are added up there is an overall credit.
This credit balance is invested and the interest is used for the benefit of all the parishes.
The Diocese has its own accounts these accounts are resourced from legacies given to the diocese and from the annual assessment charged to each parish.
The assessment covers the running cost of the Diocese so that it can provide support and expertise in the area of finance, building maintenance, health and safety, legal requirements and obligations, the operation of our Catholic schools, the diocesan social care service, the tribunal (administration of Canon Law) the care of the sick and retired clergy, ongoing formation of adults, our share of the costs of the national Catholic Bodies and other services that are necessary for the running of the diocese in order to carry out its mission to help people in their relationship with God.
To conclude, the Diocese has the responsibility to ensure that all legal requirements are adhered to and that the financial resources within the Diocese are used correctly and wisely for the good of the local Catholic Church and its carrying out of its mission.
The 100 Club
At the back of the Church every Saturday evening and Sunday morning you will find people sat at a table collecting monies from others and recording the transaction. What happens is people paying their weekly fees to the 100 Club.
The 100 Club was set up over 10 years ago to help raise the funds necessary to pay off the loan the parish had to take out in order to pay for the major building repair work necessary at the time. If the work had not been done the church, hall and house would have had to be closed down due to the condition of the buildings.
The loan came to £350,000 a lot of money for a parish with little resources however, over the past ten years the 100 Club has raised
enough money to help lower our debt to the parishes on credit to £166,000 as it stands now. Without the 100 Club the parish would have been in financial difficulties.
So we have a lot to thank the people who help to run the 100 Club and to the members supporting it as well.
It is called a 100 Club because we need at least 100 members to help to maintain the steady flow of payments towards the debt and to provide the prize money as a thank you to the members.
We currently have just over 100 members but more members will help to pay off the debt quicker and if the numbers increase and might give us an opportunity to increase the prize money! Each member pays £2 a week for a number.
The draw takes place on the last Sunday of the month and the winning number receives £100 except in April and October when the prize is £500.
We aim to raise £12,000 a year, £2,000 goes towards the prize money and £10,000 goes towards the repayment of the loan.
So if you are not yet a member of the 100 Club or have lapsed in your contribution please consider supporting us.
Think of it this way, you are able to benefit from the use of these buildings thanks to the support from other parishes. It is only good manners to pay back what we owe.